Aberdeen-based well abandonment company, Well-Safe Solutions, has chosen to locate its onshore marine base in the Port of Dundee. The rapidly growing well abandonment specialist made the announcement at the Offshore Decommissioning Conference in St Andrews. Well-Safe has secured two acres of quayside facilities with access to 40,000ft2 of covered space at the Port of Dundee for its marine assets.
Well-Safe claims to be the first-of-its-kind 'Tier 1' company with complete P&A capability from front-end engineering and design to project execution.
The Port of Dundee, which is rapidly establishing itself as a North Sea Decommissioning hub, will provide Well-Safe Solutions with direct access to deep water quaysides, heavy lifting capabilities, significant dedicated warehouse space and unconstrained access into the established and operating ANSS decommissioning facilities.
Phil Milton, Chief Executive of Well-Safe Solutions, who is originally from Dundee, said he welcomes the transformation of his home town in recent years. “This marine support base in Dundee will play a crucial role in supporting our rapidly growing business. We have chosen the Port of Dundee because of the critical mass of decommissioning companies already based here and the facilities on offer. We are looking forward to fostering a strong partnership with Forth Ports.
“Personally, I’m very pleased to be able to bring business to the community in which I started out. Dundee continues its ongoing development, growing its economy and introducing new businesses with a proactive, refreshing, can-do approach.”
At the port, Well-Safe Solutions will work alongside decommissioning industry leaders such as AF Offshore Decom, as part of the soon to be formed AF Dundee, waste management company Augean North Sea Services (ANSS), and other decommissioning specialists.
Stuart Wallace, Chief Operating Officer of Forth Ports Limited which owns and operates the Port of Dundee, said: “Well-Safe Solutions will not only be a huge asset to the Port of Dundee, but will also provide an economic boost to the Dundee area.
“Decommissioning activity in the North Sea basin is increasing and we are excited to welcome Well-Safe Solutions, who are bringing innovation and expertise to the challenges of well abandonment.”
Formed in July this year, Well-Safe Solutions provides an approach to the safe and cost-efficient decommissioning of Well Plug and Abandonment (P&A). Set up by high profile industry veterans including Alasdair Locke, Paul Warwick and Mark Patterson, Well-Safe offers a specialist subscription well abandonment service that allows operators to meet the challenges and regulatory imperatives around decommissioning, while significantly reducing cost.
Bringing together a wealth of subsea oil and gas expertise and experience with dedicated marine assets and equipment, Well-Safe claims to be the first-of-its-kind 'Tier One' company with complete P&A capability from front-end engineering and design to project execution.
With a commitment to invest £200m in bespoke assets and grow its workforce to 400 in the next three year, Well-Safe has already secured its first contract with TAQA and amassed an unrivalled pool of well plug and abandonment P&A with a string of high profile appointments, and is on track to have 30 employees by the end of this year at its Aberdeen head-quarters.